Chicago, IL (December 20, 2019) – Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant medical building located at 999 North Main Street in Akron, OH. The property sold for $970,000. At the time of sale, the property was 100% occupied by BrightView Health, a behavioral health clinic specializing in the treatment of opioid addiction, in addition to many other behavior health services provided. The buyer was a private real estate investor based in Tennessee. The seller was a prominent acquisition and development company from Chicago. Chad Firsel, President of Quantum, and Jason Lenhoff, Vice President of Quantum, represented the seller in the transaction.
Mr. Lenhoff had the following comments regarding the transaction, “The buyer was able to acquire a solid location in an established market, at a terrific cap rate, with a rapidly growing tenant and industry.” Lenhoff continued, “The property had a historical medical occupancy dating back 40 plus years, and BrightView will continue to grow in this location. Along with the extensive improvements made to the building and accessibility of the property, this location and tenant are sure to be a solid investment for years to come.”
Quantum Real Estate Advisors, Inc. (www.qreadvisors.com) specializes in investment sales brokerage, assisting clients in the acquisition and disposition of commercial real estate. Quantum has the capacity through strategic alliances to offer full-service leasing brokerage, receivership, management and financing.